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From Home Furnishing Business

Williams-Sonoma Board Approves Dividend Hike

Directors of Williams-Sonoma (NYSE: WSM), parent company of Pottery Barn and several other retail formats, have approved a 2-cent increase in the quarterly cash dividend, boosting the payout to 39 cents per share.

Williams-Sonoma Records 2.5% Profit Jump Despite Revenue Decline

Despite a 4.1% drop in comparable-brand revenue at its flagship Pottery Barn brand, retailer Williams-Sonoma (NYSE: WSM) said profits increased 2.5% to $144.6 million or $1.63 per share in the fourth fiscal quarter.

Twin-Star Sold to Private Equity Firm, Hires New CEO

Twin-Star International, a resource for electric fireplaces, entertainment furniture and related home furnishings products, has been sold to the private equity firm Z Capital Partners and hired Lori Gonzalez as its new CEO.

Pottery Barn Gets New Management Team Following Stangl Resignation

Retailer Williams-Sonoma (NYSE: WSM) said it is reorganizing the leadership team at Pottery Barn following the resignation of Sandra Stangl as president of Pottery Barn Brands.

Fine Furniture Design Enters Casual Dining Category

Case goods and upholstery resource Fine Furniture Design is making its debut in the casual dining category at next month's High Point Market with the launch of a collection that includes 14 table base options and 32 water-based finishes.

Tempur Sealy Amends Shareholder Rights Plan

Mattress producer Tempur Sealy International (NYSE: TPX), whose stock has been under pressure since it terminated supply contracts with its largest customer earlier this year, has amended a stockholder rights plan adopted in February to allow a "qualified offer" for the company to be exempt from triggering the plan's provisions.

Digital Marketing Expert to Keynote APRO Event

Digital marketing and online customer service expert Jay Baer will be keynote speaker for the Education Day program at the annual APRO Convention and Trade Show, which takes place May 9-11 in Galveston Island, Texas.

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